Apple, quarter above expectations thanks to the iPhone X and services

Apple closes the third quarter of the fiscal year above badyst expectations, and flies on the stock market in the trade
after hours, where he earns 2.13 percent. Earnings per share jumped to $ 2.34, more than 2.18 expected
market while revenues rose 17% to 53.3 billion, above the 52.4 billion expected by badysts.
In addition, estimates for the fourth quarter, expected to close at $ 60-62 billion, are better than expected
against the projected 59.3 billion. The period of April-June was for Apple the fourth consecutive quarter of growth
double digit. The results were fueled by strong sales of the iPhone, but also by the service division, says Tim
Cook, the CEO of Apple. Strong performance boosted revenue growth in all segments
geographic, a net profit of $ 11.5 billion and an operating cash flow of 14.5 billion euros. We are back
to investors nearly $ 25 billion during the quarter, says Apple's chief financial officer, Luca
Masters.

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The market's attention was mainly focused on the trend of the iPhone X, the smartphone high end with a price of
departure of one thousand dollars. In the previous quarter, the second fiscal, Apple had said that the device designed to
celebrate the tenth anniversary of the launch of the iPhone was the best-seller. This helps us to raise the price
sales of this product category (at $ 694), but estimates have been neglected, suggesting that
the price could have alienated potential buyers.

Investors were also waiting for guidance on the launch of the new iPhone models, which usually takes place in September.
The "Other Products" category – the fastest growing category including Apple Watch, AirPods wireless headphones and HomePod speakers – will also be closely monitored. The fear that these accessories will end
to be a victim of trade tensions between the United States and China. Apple may be forced to raise prices to compensate
Additional homework Washington thinks about Made in China products. The alternative is to suffer a hit on the margins.

Since January, Nasdaq stock has grown 12% and 27.5% over the last 12 months. Last quarter
the stock added $ 100 billion to its capitalization. And now we wonder how long it will take for the value
Apple on the stock exchange hits the record: one that rises to a trillion dollars.

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